The following stocks were detected to be trading among the most active on July 14: Bank of America Corporation, SPDR S&P 500, Financial Select Sector SPDR, JPMorgan Chase & Co, and iShares Silver Trust. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of Bank of America Corporation (BAC) remained unchanged at $10.2. In the past year, the shares have traded as low as $10.15 and as high as $15.67. On average, 145782700 shares of BAC exchange hands on a given day and today's volume is recorded at 36066808. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $11.23 area but be careful because the stock may face selling pressure at this level.
Shares of SPDR S&P 500 (SPY) traded higher by 0.54% or $0.71/share to $132.55. In the past year, the shares have traded as low as $102.24 and as high as $136.51. On average, 178903500 shares of SPY exchange hands on a given day and today's volume is recorded at 33870676. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $131.24 area where the stock will likely see buying pressure.
Shares of Financial Select Sector SPDR (XLF) traded higher by 0.47% or $0.07/share to $15.06. In the past year, the shares have traded as low as $13.13 and as high as $17.09. On average, 73482040 shares of XLF exchange hands on a given day and today's volume is recorded at 24014528. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $15.36 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 3.11% or $1.23/share to $40.85. In the past year, the shares have traded as low as $35.05 and as high as $47.80. On average, 31474830 shares of JPM exchange hands on a given day and today's volume is recorded at 23431600. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $41.71 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Silver Trust (SLV) traded higher by 2.9% or $1.08/share to $38.31. In the past year, the shares have traded as low as $17.06 and as high as $48.35. On average, 71703820 shares of SLV exchange hands on a given day and today's volume is recorded at 16051736. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $35.16 area where the stock will likely see buying pressure.
